Bitcoin’s price has finally stabilized, this CEO believes

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Real Vision CEO Raoul Pal discussed Bitcoin, ETFs, and TradFi interest in crypto in a recent podcast with Scott Melker.

Real Vision CEO Raoul Pal discussed Bitcoin, ETFs, and TradFi interest in crypto in a podcast with Scott Melker recently.has now stabilized its price as the crypto market is witnessing a long bull run. The influx of institutional capital will further stabilize the market.to Scott Melker on the “Wolf of All Streets” podcast recently. He made a number of crucial observations on Bitcoin, exchange-traded funds , and institutional interest in crypto.

However, the U.S. Securities and Exchange Commission has not given a green light to any of the spot Bitcoin ETFs so far. Two weeks back, SEC Chair Gary GenslerTradFi institutions such as Fidelity, BlackRock, Franklin Templeton truly believe in crypto, the Real Vision CEO remarked. However, there are a couple of issues around the crypto industry that TradFi is concerned about.

Thirdly, unknown people from far-off places like Hong Kong control a large amount of crypto—that too, illiquid—oftentimes. Soon after, many leading commentators claimed on 24 October that the same ETF got listed on Depository Trust & Clearing Corporation . It later emerged that the website had listed the ticker in August itself.

 

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